Pennant Select LLC Sells 44,000 Shares of Antero Resources Co. (NYSE:AR)

Pennant Select LLC reduced its stake in Antero Resources Co. (NYSE:AR) by 8.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 456,000 shares of the oil and natural gas company’s stock after selling 44,000 shares during the period. Antero Resources makes up approximately 9.2% of Pennant Select LLC’s portfolio, making the stock its 4th biggest position. Pennant Select LLC’s holdings in Antero Resources were worth $13,064,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. raised its holdings in Antero Resources by 357.3% during the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after purchasing an additional 686 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Antero Resources during the third quarter worth about $45,000. Mattson Financial Services LLC acquired a new position in shares of Antero Resources during the second quarter worth about $64,000. GAMMA Investing LLC increased its stake in shares of Antero Resources by 27.8% during the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock worth $98,000 after acquiring an additional 655 shares during the period. Finally, Signaturefd LLC grew its position in Antero Resources by 19.9% during the third quarter. Signaturefd LLC now owns 4,222 shares of the oil and natural gas company’s stock worth $121,000 after buying an additional 702 shares during the period. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AR. Barclays lowered their target price on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. The Goldman Sachs Group reduced their price objective on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Truist Financial cut their price target on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Raymond James raised their target price on shares of Antero Resources from $34.00 to $44.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. cut their target price on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $33.50.

Antero Resources Trading Down 1.8 %

Shares of Antero Resources stock opened at $32.48 on Friday. The stock has a market capitalization of $10.11 billion, a P/E ratio of 232.00 and a beta of 3.36. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The company has a 50-day simple moving average of $29.06 and a 200 day simple moving average of $30.00. Antero Resources Co. has a 12-month low of $20.10 and a 12-month high of $36.28.

Antero Resources Profile

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.